US EB-5 Granted December 2016 Extension By Congress

The  US EB-5 immigrant investor program was extended in its current form as part of Congress legislation to avoid a government shutdown last week.

The program will run until at least December 2016 following the vote, despite many calls for it to be overhauled or abandoned because of problems with fraud.

Many had expected the program's thresholds to rise, but they will remain at $500,000 for regional centre investment and $1 million for other projects.

It is the third time the EB-5 has been kept alive at the 11^th hour, with Congress passing a late vote in September 2015, and twice since granting extensions. Such late extensions have done nothing for investor confidence.

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